| Santamarina y steta, posted February 25, 2020 |
Mexico: 2020 Tax Alert 6% VAT WHT Legal Criterion SAT
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As we previously informed you, as of January 1, 2020, Section IV of Article 1-A of the Value Added Tax Law entered into force. This provision establishes the obligation to withhold 6% of VAT on certain services. However, on such date no rules were issued to narrow down its scope. This has created confusion among the taxpayers.
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| Bruchou, Fernández Madero & Lombardi, posted January 30, 2020 |
Argentina: New Regulatory Decree 116-2020 Introduces Changes to the Repatriation Regime
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In January, the Regulatory Decree 116/2020 was published in the Official Gazette, which introduces changes to the repatriation regime of foreign currency and the product of financial assets located abroad that aims to the non-application of an increased rate in Personal Assets.
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| Alfaro Abogaods, posted January 20, 2020 |
Argentina: Sustainability of Its International Debt Commitments
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On January 21, the Argentine Government submitted a bill to Congress that aims to address the country's current level of debt and its present and future ability to meet debt service obligations. It aims to restore the sustainability of Argentine public debt within macroeconomic stability. The proposed law seeks to obtain political support and formally initiates foreign law debt negotiations.
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| Bruchou, Fernández Madero & Lombardi, posted January 19, 2020 |
Argentina: Amendments to the Foreign Exchange Regime – Payment of Dividends to Non-Residents
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On January 16, 2020, the Argentine Central Bank issued Communication “A” 6869 granting access to the local foreign exchange market to pay dividends to non-resident shareholders, subject to several conditions.
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| Greenberg glusker, posted January 8, 2020 |
United States: Final Regulations on Opportunity Zones: An In-Depth Guide
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Final regulations on opportunity zones were issued by the IRS on December 19, 2019. There are a few major changes and clarifications in the final regulations compared to the prior proposed regulations, a summary of which is outlined here.
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| Hunton Andrews kurth, posted January 5, 2020 |
United States: Unexpected Provision May Affect Compensation Deductibility for UPREITs
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Included within recently proposed Treasury regulations under Section 162(m) of the Internal Revenue Code is a provision that reverses the result of four executive compensation private letter rulings previously granted to UPREITs.
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